Oil
FG Approves Fresh Petrol, Diesel Imports for Q3 2026 Amid Supply Concerns
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved fresh imports of petrol and...
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Oil rises more than $1 as escalation in US-Iran strikes unnerve traders
Global stock markets declined as renewed military tensions between the United States and Iran rattled investor sentiment, adding pressure to...
Read moreOil Prices Dip as Iran–Israel Pause Eases Supply Risk Fears
Oil prices slipped on Tuesday, giving back most of the previous session’s gains after Iran and Israel announced a halt...
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Oil Prices Surge Over 3% as Middle East Tensions Escalate and Supply Fears Mount
Brent crude oil prices surged more than $3 per barrel on Monday as escalating geopolitical tensions in the Middle East...
Read moreOil Prices Rise as Iran–U.S. Tensions Renew Supply Fears
Global oil prices rose on Monday following comments by U.S. President Donald Trump describing Iran’s response to a proposed peace...
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Oil Prices Climb Over 1% as US–Iran Fighting Threatens Ceasefire and Hormuz Stability
Global oil prices rose more than 1 percent on Friday after renewed fighting between the United States and Iran threatened...
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Oil Prices Rise Over $1 as Middle East Conflict Fuels Supply Concerns
Global oil prices climbed by more than $1 per barrel on Thursday, recovering from losses in the previous session as...
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Oil Prices Drop Nearly 4% Amid Ceasefire Hopes in Middle East
Global oil prices fell by about 4% on Wednesday following growing expectations of a possible ceasefire that could ease supply...
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Iran Threatens to Block Oil Through Strait of Hormuz, Warns Prices Could Hit $200 per Barrel
Iran has declared that it will not allow a single litre of oil to pass through the strategic Strait of...
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FG Inaugurates Nigeria’s First Crude Oil Flow Meter Calibration Facility in Eket
The Federal Government has intensified efforts to strengthen accountability in the crude oil sector with the inauguration of Nigeria’s first...
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